Loblaws Parent Appoints CFO

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Loblaws Parent Appoints CFO

02/21/2012

George Weston Ltd., the parent company of Canadian grocer Loblaw Cos. Ltd., has named Richard Dufresne Weston’s CFO, effective March 26.

According to Weston president Pavi Binning, Dufresne “is a hands-on and an extremely qualified finance executive. With his extensive experience and proven track record of success as a CFO, we believe he will make a substantial contribution to the company and will be a welcome addition to our executive team.”

Citing Dufresne’s “strategic focus and transactional skills,” which would enable the Toronto-based company to achieve “the strategic vision for our businesses,” executive chairman W. Galen Weston noted that the appointment came “at a pivotal and exciting time.”

Dufresne is joining Weston from a major Canadian food distributor, Montreal-based Metro Inc., where for several years he was CFO. Before that, he held senior positions within the investment banking sector.

Weston, one of North America’s largest food-processing and distribution groups, operates in two segments: baking, through Weston Foods, and food and general merchandise distribution, through Loblaws.